792700+ entries in 0.467s
nubbins`: twizt, nobody falls for
that
trick
mircea_popescu: simple : i ask all
the people who know people who pay beer
tabs.
twizt: or
trick
them into buying your weed
mircea_popescu: right. parft of
the definition of even beeing your mates
mircea_popescu: do your beer mates
try
to
trick you into paying for
their beer ?
nubbins`: i
think
this went off
the rails when
tat stated
that bitcoin is a web of
trust
ThickAsThieves: my point is
that parties will seek
to exp.loit
the
trust system
mircea_popescu: this doesn't seem
to have anything
to do with what i was saying
nubbins`: i'm here
to enlighten and occasionally mislead
twizt: not knowing
that really bothered me for
the last few days ;)
nubbins`: fun fact,
the Salty Spitoon is a restaurant in
the Spongebob Squarepants cartoon
mircea_popescu: im not making it up in
that
this has in fact happened.
mircea_popescu: and
the
tier 3 guy goes "you know... you reall don't need
to escrow mp
mircea_popescu: then one day mp wants
to pay a girl in boondock, nj
to wash his car with her
tits
mircea_popescu: he knows of
the wot, and keeps deals with some other people so he can buy/sell btc for his friends at home
mircea_popescu: they all know
this guy down
the street, and
trust him cause he's cool
mircea_popescu: but look :
ten people in boondocks, new jersey somewhere who heard of bitcoin are
tier 1
mircea_popescu: these are necessarily limited in
time and exceptional.
mircea_popescu: the nation model only emerges in situations where "the right
thing" is plainly obvious
mircea_popescu: the problem we have now is with
the nationalist state of napoleon (and
the us which is really just a pale copy) having successfully attacked
this natural wot
mircea_popescu: nah, a model where 90% of
the population
trusts 10% in chunks of ~10 individuals, and
then in
turn and hten in
turn
ThickAsThieves: people want
to be
told >
thus rely on
trust >
thus capitalism becomes great liar
nubbins`: ugh, i find myself in
the unenviable position of having funds in my paypal account
that i wish
to convert
to btc
mircea_popescu: basically, <KRS-> has it : people actually want
to be
told
mircea_popescu: next
time you visit it's all like "yo dawg! i hear yu like marzipan so now I made everything out of marzipan!
mircea_popescu: and
that's what
the fucktarded altchainers have been doing
to
the internet,
try
to make everything out of web
mircea_popescu: asciilifeform actually postel's is great for
the web. it's just
that
the web is NOT great for "anything"
nubbins`: or conversate, for
that matter ;p
mircea_popescu: iirc jurov was
trying some experiments with giving anon users root on
the box or something
ThickAsThieves: well i dont necessarily want
to conversate about
that aspect nubbins
nubbins`: are you asking why people don't
trust
things
they don't understand? :(
mircea_popescu: well it'd better not be enough of a whore
to do anything any user
tells it.
mircea_popescu: what should your server do with requests it doesn't comprehend ? a. drop
them b. anything else.
ThickAsThieves: like if i rant on all
this
to my mom, she'll
think i'm a conspiracy
theorist
mircea_popescu: if you
think about it,
that's
the stable game-theoretic solution.
ThickAsThieves: why
the fuck is
the phenomenon
that uneducated
think complicated info is untrustworthy
mircea_popescu: nor can
they understand WHY is it
that you won't let
them.
ThickAsThieves: I get it, I do, but
this is not easy
to communicate
to normals
nubbins`: and even
then,
that only settles
the question of what YOUR white
tama was worth.
mircea_popescu: "The problem inflationary currency bestows upon capital allocators is insolvable.
They are given money of no certain value (pretty much
the only sure
thing about
the paper currency is
that it is, literally, burning in your hands, it
ticks away like a bomb, it blows in
the wind like dust - all
this while you’re holding it) and have
to do something with it.
They always, always, always, absolutely always have more
than
nubbins`: you don't know what
the value of your white
tamagotchi is until some sucker buys it
mircea_popescu: that implies
that
the exchange value of a negotiable instrument is only known after
the negotiation completes.
ThickAsThieves: that implies
things happen
to icrease dollar value no?
mircea_popescu: and if you could, i could write a bot
to exploit your currency and make me rich
mircea_popescu: the us dollar is a negotiable credit instrument, like any paper. it does not have
this "fixed" value you wish
toassign it.
ThickAsThieves: i want
to be be able
to form a sentence like "If we print
the same amount of money in 2014 as 2013, your $1 with be worth .82"
mircea_popescu: the reason pure mercantilist views are derided by ws
today is sound
tho.
mircea_popescu: how do you sort out what
the word "it" means, ignoring outside inflations ?
chetty: Some congress critter said
they need
to do weather reports in eubonics,
thats why so many in NO didn't leave,
they didn't understand.
mircea_popescu: "Those assets
that he had,
they were in fact somehow valued. On one approach
to valuation,
they came out X. On another approach
to valuation,
they came out Y.
There’s little convergence between
the series of Xs and Ys."
mircea_popescu: ThickAsThieves
there are in fact vastly different ways
to ACCOUNT.
nubbins`: ^ sounds like it doesn't snow where
that guy lives
ThickAsThieves: that
there are vastly conflicting ways
to count
the money?
mircea_popescu: chetty actually, banks came up with clown&baloon patterns for
the back of cheques, i wonder how long
till your actual bank statment is in pictures
chetty: It does not have
to add up.
THey don't
think
the masses can do math so
they bother with
things like
that
KRS-: people actually want
to be
told imo
ThickAsThieves: I pre-choose every mean place before we even get
to
the airport
mircea_popescu: dude, you just yell "on your knees" and everyone is on
their knees.
KRS-: give people a choice and it is
teh fucks up everything